Arrow Exploration’s (AXL) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Arrow Exploration (LON:AXL) in a report issued on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 50 ($0.62) price objective on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 50 ($0.62) target price on shares of Arrow Exploration in a research report on Tuesday.

Arrow Exploration Stock Down 2.6 %

Arrow Exploration stock opened at GBX 22.40 ($0.28) on Tuesday. The business has a fifty day moving average price of GBX 24.20 and a 200-day moving average price of GBX 26.55. Arrow Exploration has a 1-year low of GBX 16.70 ($0.21) and a 1-year high of GBX 33.50 ($0.42). The stock has a market capitalization of £64.03 million, a price-to-earnings ratio of 676.67 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.65.

Arrow Exploration Company Profile

Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. The company is headquartered in Calgary, Canada.